News: Spotlights

Top Stories: December 2011

Suffolk Const. breaks ground on The Victor - a $92 million, 377,000 s/f residential tower, 95 Haverhill St., Boston; designed by ADD Inc Carbone Comm'l. reps. Cieri Group in $1.65 million purchase; Bachini of Thomas Group reps seller of 235 Salem St., Woburn LNR Property Corp. signs $25 million purchase agreement with Navy for 830-acre site in Weymouth for SouthField development AvalonBay's proposed $125 million 30-story development, 45 Stuart St., approved by Boston Redevelopment Authority BOMA recognizes property manager Kelly Oyekoya of Jones Lang LaSalle and 21 Custom House St. building and ING Building Wason Assoc. brokers $3.2 million sale of 104-room Best Western Granite Inn, 10 Laurent St., Nashua; sold by Karen Enterprises Choate of Grubb & Ellis|Northern New England sells 30,000 s/f industrial at 14 Patterson Lane, Newington, NH to Sponge-Jet Roedel begins renovation of former Clarion hotel in Manchester; to open as The Falls Center and LaQuinta Inn & Suites HMFH Architects honored with design award from New England Concrete Masonry Assn. for Rashi School, Dedham, Mass. The Hamilton Co. brings moderate rate residence to Downtown Crossing, 8 Winter St., Boston; ICON Archt. provides design Boudrot and Gallagher of NAI Hunneman broker 13,360 s/f office lease to RentGrow at 307 Waverly Oaks Rd., Waltham, Mass. Marcone Capital arranges $11.5 million financing of 750 East Main St., Stamford, Conn.; provided by Sovereign Bank Schecher of NAI Global arranges $4 million acquisition financing for 14,000 s/f retail property at 1209 Main St., Richmond, RI Waldman & Assoc. and Allworth Realty co-broker sale of 22,500 s/f Forbes Sq. at 1235 Wampanoag Trail, East Providence Hayes & Sherry/Cushman & Wakefield Alliance leases 12,545 s/f to Women & Infants at 101 Plain St., Providence; Sisto & Mardo assist Wayne J. Griffin Electric completes Dept. of Motor Vehicles electrical installation project at 600 New London Ave., Cranston Carucci and Hinds of Group Boston Real Estate broker $3.2 million sale of 8,580 s/f mixed-use at 48-50 Temple Place, Boston Suglia of Citizens Bank NH closes $25 million refinancing loan with CNL for Omni Mt. Washington Resort Hotel and Bretton Woods Ski Montesi and Inglese of New Haven Group negotiate $1.6 million sale of 20,600 s/f medical office at 40 Dale Rd., Avon, Conn. Suffolk breaks ground on $220 million, 390,000 s/f Millennium Place III, Boston residential tower; design by Handel Architects HYLWA, Inc. builds 23,000 s/f The EDGE Fitness Club at Basser Kaufman's retail site, 600 New Haven Ave., Derby, Conn. 2011 marks the 45th anniversary of G. Greene Const. of Boston; notable projects include Beth Israel Deaconess and Dana-Farber Horvath, Tremblay, Miller of Marcus & Millichap sell 64,800 s/f industrial building for $2.075 million to Staples at 100 Highland Dr., Putnam, Conn. RDK Engineers provides MEP/FP services for $23 million American Bureau of Shipping Info Commons project at Mass. Maritime Academy
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary